Panic
| Title | Panic
the story of modern financial insanity Modern financial insanity |
|---|---|
| Author | edited by] Michael Lewis. |
| Publication | Penguin |
| Size | VIII, 391p |
| Language |  ENG |
| ISBN | 9780141042312 |
| Topics |
Financial crises--History--20th century Financial crises--History--21st century Finance--Psychological aspects Investments--Psychological aspects Financial and economic crises Financial and economic crises Finance Investments |
| Notes | Summary : "When it comes to markets, the first deadly sin is greed. Michael Lewis has chosen more than fifty pieces of journalism to illuminate the most violent and costly upheavals in recent financial history: the crash of '87, the Russian default (and the subsequent collapse of Long Term Capital Management), the Asian currency crisis of 1999, the Internet bubble, and the current subprime mortgage disaster. Seven of the selections are by Lewis himself, as are the general introduction and the part introductions. Among the other writers featured are Lester C. Thurow, James Surowiecki, Paul Krugman, Dave Barry, and Joseph Stiglitz." "Some of the pieces paint the mood and market factors leading up to the particular crash, or show what people thought was happening at the time. Others, with the luxury of hindsight, analyze what actually happened. There are sobering messages common to these narratives: the lessons that should have been leamed along the way were for the most part ignored, and when push comes to shove - when all investors run to the same side of the boat - the carefully devised protections against risk turn out to be wishful thinking." |
338.542
LEWI 16
26548
Available
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